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20130115
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
in congress to pass a debt ceiling, has often been accompanied by fiscal or deficit reduction measures. back in the '80s, the '90s and even in president's presidency himself he has signed four laws raising debt ceiling. three were tied to some sort of fiscal management, legislation itself. but the president now says i'm tired of negotiating all those things, raised the debt ceiling and then i will get on with other conversations with you about dealing with the sequester, the across-the-board spending cuts and other budget related issues. but not until you take care of the debt ceiling and get that off the table. that was the president's principal message today and he got a lot of conversation about why not negotiate. he said he's to the going to. we'll leave it there at least for the time being. >> rose: what will the republicans do, will they shut down the government. >> no, not over the debt ceiling. they may over the continuing resolution this is not their best vehicle. my guess is what they will probably have to do is give him a short-term extension. and then see if the senate will go al
three of these very serious. but which is the most serious. >> the debt ceiling could do damage to our countries for decades to come if we hit it and don't expect the problem. this is the most dangerous thing. this is almost a nuclear option. this is really playing with very dangerous things. and one little mistake could be devastating to our country. >> and yet you still come on day after day and smile with me. thank you. always good to see you. >>> by the way, i just want to remind you if you're doing the math, the treasury says it might come up short in its payments as soon as february 15th. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> from legend to liar. can i just show you right off the bat what the cover of the new york "post" says today? that's the bracelet you know, but look very closely. it doesn't say livestrong. it says lie strong. according to reports, lance armstrong now finally admitting to using performance enhancing drugs during his reign as the king of cyclin
. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if laws do not tackle the debt and spending at the same time, it will cost americans jobs. in a statement, senate minority leader mitch mcconnell said "the president and his allies need to get serious about spending." danielle nottingham, cbs news, the white house. >>> military suicides have reached record levels. so bad that the secretary of defense calls it an epidemic. the pentagon says there were 349 suicides among active duty personnel last year. that's more than the number of combat deaths in afghanistan. experts say iraq and afghanistan war veterans suffering from depression and post traumatic stress are at the highest risk. >>> secretary of state hillary clinton will testify next week about the deadly attack on the u.s. mission in libya. clinton will appear before the house foreign affairs committee. she had been scheduled to testify last month. that was canceled when she fell and suffered a concuss
. savings would go to decrease the debt ceiling. there are a host of options on the table. short, three-month debt ceiling increase, with smaller amount of cuts all the way to multiyear, perhaps 4-year increase in the debt ceiling so long as it is accompanied by a major tax overhaul. and overhaul of the entitlement system. this on a day after fitch offered another warning saying a couple of things. one that the aaa credit score we have is at risk if there is another debt ceiling fight but republicans are focused at the part that says credible meaningful deficit reduction has to be part of this in order to keep the aaa credit score. house majority leader eric cantor responded to that with a statement saying, it's time for president obama to stop putting our credit rating at risk and acknowledge we need a credible deficit reduction plan attached to any increase in the debt limit. from the white house we heard from president obama yesterday at a news conference. he says that he is not discussing any negotiations in the debt ceiling. that if congress's responsibility to essentially allow hi
'd never use the debt ceiling to negotiate. there's been three or four deficit deals reached during debt ceiling negotiations. that's what they've been used for in the past. in fact, you voted no on raising the debt ceiling in 2006, and some other things. and then to see him actually, he looked shocked that his loyal cadre of acolytes that someone would actually broach the subject that, you know, that he actually had a tough time answering. >> i think it shows the position he's in, though. he gets attacked from the right and the left. >> he doesn't get attack. the questions i want asked are never asked of him anywhere. >> he should come on "squawk." >> that's not going to happen. >> i'll get out. is that possible? >> no. >> i had a story but we'll talk about that one later. >> what's your story? >> we'll do it later in the broadcast. >> about nerds? >> what else would it be about? you want me to talk to here? i'm going to talk to here. coming up this morning's top stories, plus we're going to hop behind the wheel with nissan ceo carlos ghosn at the detroit auto show. first check this out
is not a bargaining chip. >> so what are his options if congress doesn't raise the debt ceiling? "the washington post" "the fix" lists three reasons why the president wouldn't show his hand. joining me now political analyst and former communication director karen finney, and columnist for "the hill" as well, and analyst and former rnc chairman might beal steele. good morning. >> good morning. >>> when things broke down with harry reid, the white house stepped in with the vice president to broker a deal. what's going on here, karen? is the president playing a game of chicken? will the white house change its mind? or is this truly a line in the sand? >> i think it's a real line in the sand. the president has been very consistent and serious from the beginning on this. i think there's a couple of goals. congress can't have it both ways. you have to act responsibly and pay your bills. that's part of why i think the president said if you want me to be in charge, fine, i'll take care of it, but that's not how our government is set up. so i think clearly the president is not going to back back down. the las
heard talk in the republican conference about a one or two or three month extension on the debt ceiling. and on a continuing resolution for the budget to run the government. is that one to three month solution not still on the table? >> well, larry, we're proposing a number of different solution, both short term and long term. frankly, president obama needs to start rolling up his sleeves and focusing on both instead of sitting over in the white house and kind of throwing out all the threats to everybody across the country and running around campaigning as if he's still running for office. you know, the election is over. president obama actually has to start governing and addressing the problems and frankly the spending problem is one of the biggest reasons right now why we're in this dilemma. >> you're still going full bore on the spending sequester? full bore, spending sequester? >> we need to address the spending problem in washington from many different fronts. that's one of those fronts. there are a lot of others. and again, president obama refuses to talk about any of them. he doe
fundamental problems. why do we have to have the debate every three months? >> eric: sure. start with the debt ceiling and how it came about. prior to world war i, everybody was paid. the debt we incurred was paid for through various bonds. world war i to world war ii, fdr got together with the treasury secretary and set let's put a debt ceiling op and they started to borrow money. that amount in 1949 was $45 billion. today, $16.4 trillion. that is 46,400% higher. between 1939 and 1980, we never exceeded $1 trillion in debt. now we push $17 trillion. the problem with the sound bite is president obama was the guy in 2006 that said i will not vote for you. he wouldn't vote for a debt ceiling increase. leadership means the buck stops here. that's why i won't vote for raising the debt creteing. that is senator, senator obama in 2006. he voted against raising the debt ceiling. calls it unpatriot i cannot to do it now. >> dana: president obama was called out on this before. saying it was unpatriotic and lack of leadership. that's why you would vote against it. now it's unpatriotic if the patriot act
-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well. >> anxiety over the debt ceiling crisis? >> exactly. about getting principal back as ridiculous as it may sound. >> david, jump in here. feels like a slow volume day again. are people waiting on some of the banks earnings because tomorrow we've, of course, got some bigies? >> waiting on earnings, but earnings expectations are very low. i think 60% to 70% of stocks will beat their estimates this quarter, and i'm going to watch for guidance over the balance of the year, maria. now you'll have three guests here who are going to be favorably disposed to the market and that makes me a little bit nervous. neverth
congress to raise the debt ceiling when it's within $100 billion. step two, the congress rejects that request and sends a joint resolution of disapproval back to the white house. step three, obama vetoes the resolution of disapproval. step four, congress does nothing. as long as the house and senate wait 15 days before addressing the white house veto, then the president gets his original wish and the debt ceiling automatically goes up. in other words, a redo of the fiscal cliff threatening the u.s. economy. give extremism and allow congress to basically do anything. welcome to washington. andrew, is this -- is this the way it goes now? >> i'm depressing. it is depressing are but it's also maybe the viable path forward. in terms of harm done to the u.s. economy sshgs that the best solution? >> i cannot get behind that. by the way, count get behind the platinum coin. we could draw something on a little piece of paper, and they could hand it to me. i can't get behind any of that. ultimately, we have to actually figure this out. the president has to figure it out. congress has to fig
. what tends to get reported is what they say about the debt ceiling melodrama. and not about the debt. that is what it's been so far. >> bret: thank you. >> you bet. u.s. companies increase their three-tenth of a percentage point. home prices rose .3 of a point in no.. year to year rise was 7.5%. largeest in six-and-a-half years. retail sales were up half a point. in december. the dow was up today, 27-1/2. the s&p 500 gained two. the nasdaq lost 7. gun rights advocates are bracing for the worst tonight. president obama will announce tomorrow morning what he intends to do about gun violence including which of almost two dozen possible executive orders he will implement. here is white house correspondent wendell goler. >> reporter: aides say the president and vice president will propose things we can do as a nation to protect innocents from gun violence and will joined by children around the countrybe who wrote the president letter ins the wake of the tragedy expressing concern about gun violence and school safety along with their parents. >> mr. obama called this the worst day of the p
deals that were contingent upon or in the context of raising the debt ceiling. you, yourself, four times have done that. three times, those were related to deficit reduction or budget maneuvers. what chuck and i and i think many people are curious about is this new, adamant desire on your part not to negotiate, when that seems to conflict with the entire history in the modern era of american presidents and the debt ceiling, and your own history on the debt ceiling. and doesn't that suggest that we are going to go into a default situation because no one is talking to each other about how to resolve this? >> well, no, major, i think if you look at the history, getting votes for the debt ceiling is always difficult, and budgets in this town are always difficult. i went through this just last year. but what's different is we never saw a situation as we saw last year in which certain groups in congress took such an absolutist position that we came within a few days of defaulting. and the fact of the matter is, is that we have never seen the debt ceiling used in this fashion, where the notion
do to avoid hitting that debt ceiling and having to make kind of choices as to the prioritization by the government. i'll also add, maria, that at the end of the day, we're pretty much waiting for the treasury to come out with a new timetable for -- an adjusted timetable to when we'll hit it. it could be shorter. could be longer. we'll see. hopefully that's later this week. >> lindsey, we'll see you soon. thanks very much. tic took on the debt ceiling dead line. a month left before the u.s. breeches the borrowing limit as you heard from steve. no agreement to raise it in sight. former senator alan simpson is here with me next. he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing?
that. >> -- open to a one-to-three- month extension to the debt ceiling -- whatever congress sends you, you're okay with it? >> no, not whatever congress sends me. they're going to have to send me something that's sensible. and we shouldn't be doing this -- >> -- and we shouldn't be doing this on a one to three-month timeframe. why would we do that? this is the united states of america, major. what, we can't manage our affairs in such a way that we pay our bills and we provide some certainty in terms of how we pay our bills? look, i don't think anybody would consider my position unreasonable here. i have -- >> but why does it presuppose the need to negotiate and talk about this on a daily basis? because if default is the biggest threat to the economy, why not talk about it -- >> major, i am happy to have a conversation about how we reduce our deficits. i'm not going to have a monthly or every-three-months conversation about whether or not we pay our bills. because that in and of itself does severe damage. even the threat of default hurts our economy. it's hurting our economy as we spea
called on congress to raise the debt ceiling so the country can pay its bills. >> we have to do something sensible and we shouldn't be doing this on a one to three- month time frame. why would we do that? this is the united states ofajor america, major.in we can't manage our affairs in our such a way that we pay our bills and provide certainty in terms of how we pay our bills. i don't think anybody would consider my position unreasonable here. >> pelley: speaker john boehner said the republican-controlled house will pass what he called "responsible legislation." but he said the american people do not support raising the debt ceiling without cutting government spending. we have learned tonight that former cycling champion lance armstrong is in discussions to return a part of the millions of dollars that his team received from the u.s. postal service. and he has indicated a willingness to testify against others involved in illegal doping. armstrong's u.s. postal sponsorship prohibited doping. last year armstrong was stripped of his titles after an investigation found systemic drug use on th
word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotia
in the nation's $16.4 trillion debt ceiling due to expire in mid to late february. the nation's debt increased $5.8 trillion on mr. obama's watch. he's raised it four times, three in negotiations with congress. doesn't that suggest that we are going to go into a default situation because no one is talking to each other about how to resolve this? >> the fact of the matter is that we have never seen the debt ceiling used in this fashion where the notion was, you no he what? we might default unless we get 100% of what we want. that hasn't happened. >> reporter: house republicans like utah's jason chaffetz say the president is going to have to negotiate or preside over default. >> the president has to realize that republicans believe strongly you can't keep spending money the country doesn't have. >> reporter: though the showdown is at least six weeks out the president spoke gloomily of an economy. >> the republican in congress have two choices, act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will n
this situation as three big issues: the government funding issue. that runs dry at the end of march. the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now i think it's virtually impossible that speaker john boehner will raise the debt ceiling without commensurate spending cuts. he's way too far out on a limb on that prospect. so it's going to be one of these huge battles its going to be something where one side has to blink first or the issues have to kind of meld together in a way that speaker boehner or president obama has a fig leaf in order to get this done. >> woodruff: jake, what about the president's argument today? he said this several times. he sa
? if the debt ceiling negotiable. some quick comments -- remember, you can post your comments on twitter. the first phone call is from maryland, a democratic caller, jill. caller: i don't believe the debt ceiling is negotiable. it is kind of ridiculous that the money is already owed, so why are we not going to pay what is owed to other people? if people have made investments, the bills have to be paid. i find it ridiculous that people in congress don't want to pay what is already owed. it does not make sense. host: here is the wall street journal this morning. caller: well, if you're asking me if that's true, i think there definitely needs to be somewhat of a compromise as far as spending cuts, but that is not an easy issue, because spending cuts mean job losses. it's not an easy thing to say a president will say we will stop paying the bills too. so there has to be compromised rehab the debt ceiling and some degree of trimming the fat, but i don't know how that is going to happen with congress refusing to compromise. host: what about the president? he has said he is not even going to ne
that is a laggard. hewlett-packard, american express, a few of the names coming under the pressure. the debt ceiling remains in focus. it is earning season. let's take a look at facebook. it is up about three quarters of 1%. it certainly has gained over the last half hour. we are getting closer and closer to the launch time. come and see what we are building. there is speculation that remains. the anticipation remains. dagen: trying to strategize on how to rein in government spending. connell: rich edson with all the details. rich: a very busy legislative day. they are dealing with this handy appropriation bill. republicans are discussing a number of different options. there is a major house republicans of that. their annual retreat takes place on wednesday. >> when does this budget balance? here is when the budget gets to balance if we adhere to these cuts. rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit
republicans, who want to tie the debt ceiling to cutting spending and obama says blow up the economy and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you gut medicare or medicaid or otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. look, i don't think anybody would consider my position unreasonable here. democrats don't like voting for the debt ceiling when the republican's president, but you never saw the situation in which democrats suggested somehow that we would go ahead and default if we didn't get 100% of our way, that's just not how it's supposed to work. >> sean: hearing that i can't help, but be reminded of obama's record on the
: there you go that's exactly what the president today yet. >> obama: raising the debt ceiling does not authorize us to spending more all it does is say america will pay its bills and we are not a dead beat nation. >> stephanie: there you go. [♪ "world news tonight" theme ♪] >> stephanie: this story just for you. ryan gosling says his texts are like pets. i'm talking about your muscles. he said after a while they are just there but you still have to feed them and take care of them. >> stephanie: jim, this is for you, actress milley cyrus says her latest girl crush is katy perry. she previously admitted she has a crush on kristin stewart. >> who would have a crush on kristin stewart? she always looks like she is sucking on a lemon. >> because she's malnourished i think -- >> and she is just deeply unpleasant. >> stephanie: how do you know? you don't know her? >> i have seen interviews with her. >> stephanie: oh, all right. >> katy perry on the other hand -- >> she looks like a blast. >> stephanie: yeah. miss iowa -- >> bless her heart. >> stephanie: she respond
are approaching the debt ceiling. second, sequestration will go into effect in two months, and third, funding for the government will expire march 27. these are opportunities to make real changes in spending. i'm excited to be representing indiana's fifth district and i'm ready to get to work. there is no decision, no reason, we need to wait until the 11th hour to start talking about the tough decisions we must make for the future of our country. it is time we commit to saving these important programs. for those who need them -- saving these programs for those who need them and getting our economic house in order for the future generations of my children and my grandchildren, and our clint's children and grandchildren. let this 113th congress that chose to tackle real problems instead of handing them down to our chern. let's embrace solutions that can set us on a path to a more sustainable future. >> my thanks to the dwisht gentlelady. i now recognize -- mr. messer: i recognize the gentlelady from south bend. my condolences on the national championship game but we welcome you here today. >> t
to address. but they do need to address that. the way to do it is not for threatening default for the debt ceiling. >> david, thank you for joining us. david riley joining us there from fitch in london. >>> a little less than three hours, what the meeting might mean for the facebook stock. we have a buy rating on facebook and price target of 32. welcome back. >> thank you. >> sounds like you think between phone and some kind of new engine, probability is probably on the engine side, right? >> that's what i'm thinking. although as you know, the media's been speculating quite hard that it's probably a facebook type phone or operating system. i just think that mark zuckerburg has been pretty clear that search is pretty big for them. i think it makes a lot more sense for them to go after that business. >> what do you think it would look like, how would it work, and what can it do to their share of mobile ads in this country? is it likely to take anything away from what google has already put together? >> the way i'm envisioning this is they would make search much more relevant and much more ap
Search Results 0 to 28 of about 29 (some duplicates have been removed)